The German unemployment rate has increased by more than anticipated, putting an end to any hopes of a recovery from the downturn. The Federal Labor Agency reported that there were
Economy48- Page
786Articles
Jeremy Hunt’s plans to cut taxes before the election have been stymied after higher benefits spending and lower tax revenues pushed government borrowing over £20bn in July. The Office for
Looming election and higher-than-predicted price rises push expectations back to November Investors are pushing back the expectation of a rate cut in this summer, even though Rishi Sunak has hailed
AstraZeneca is the largest drug manufacturer in Britain. It has set a bold goal to achieve $80bn ($63bn) by 2030 through treatments for cancer and rare diseases. Pascal Soriot, the
A report says that the sectors of global economy most exposed to artificial (AI) have seen a marked increase in productivity and are commanding a significant wage premium. A PwC
Last week, on a busy afternoon, the Galeries Lafayette department store in Paris was filled with shoppers from around the globe who came to buy designer clothing, shoes, and handbags.
The potential takeover of Royal Mail by Czech billionaire Daniel Kretinsky has sparked discussions around national security concerns. Chancellor Jeremy Hunt has stated that if shareholders accept the £3.5 billion
According to the Bank of England chief economist, high levels of immigration fuel Britain’s housing crises. He blamed skyrocketing rental prices on a lack of properties. Huw Pill claimed that
A 40mph wind blows in Port Talbot on a sunny day, causing white horses to froth in the bay. Offshore wind turbines in the North Sea would be spinning furiously.
Some commentators spent decades predicting that the US dollar would soon lose its special status as world’s reserve currency. They will eventually be proved right and this day could be
According to Britain’s largest investment company, the economy would benefit from fewer landlords who buy-to-let. Legal and General Investment Management has slammed “unscrupulous landlords” for allegedly taking money from people
London’s stock market, which has been in turmoil for years, is about to get a boost from a City Property Trust that will list a £500m trust. Special Opportunities REIT
The sharpest fall in house prices since last summer occurred in April, as the recent rise in mortgage rates dampened demand. Nationwide, a high-street lender, reported that prices fell by
Although the UK manufacturing sector contracted slower than expected in January, economists warn that output remains constrained by consumer confidence. The final S&P Global and Chartered Institute of Procurement and
Retail bosses warned the government about the impact of its decision to not restore VAT free shopping by foreign tourists on other industries. The manager of the O2, a venue
The Conservative Party’s flagship policy of ‘leveling up’ regional economies in the UK takes two forms on the island of Anglesey. First, a £22.5mn program to make cosmetic improvements in
